PRESS RELEASE

PRESS RELEASE

Press Release: ILLINOIS

"The phrase ‘too little, too late' has applied to most pension reform ideas floated in Illinois for the past two years, and is an apt description of this latest effort to fix Illinois' pension problem," said Bob Williams, President of State Budget Solutions.

Press Release: ILLINOIS

"After two years of negotiating, Illinois lawmakers should be able to tout great strides toward solving Illinois' huge public pension problem. Instead, lawmakers achieved only baby steps and citizens still face a $251 billion unfunded liability," said SBS President Bob Williams.

Press Release: MARYLAND

Maryland, like many other states across are country, is turning a blind eye to underfunded public pensions. The day of fiscal reckoning is upon us, and kicking the can down the road will do nothing to help dig the Free State out of a huge pension hole.

Press Release: CALIFORNIA

"Stockton's earlier attempts to avoid the costs of its pension promises through pension obligation bonds helped push the city into bankruptcy in the first place. Failing to reform the current defined benefit system only invites future fiscal trouble," said State Budget Solutions' President Bob Williams.

Press Release: ILLINOIS

"We've shouted from the mountain top for years but Chicago officials refused to take notice - the day of fiscal reckoning is here! With an anticipated budget gap of $339 million predicted for next year, and the possibility of $1 billion in 2015, Chicagoans face a harsh reality: Mayor Emanuel and city officials must act now, to reign in spending and reform the public pension system to avoid crippling Chicago."